$PROVE /USDT SHORT TRADE SETUP – POTENTIAL REVERSAL AFTER SPIKE
Current Price: 1.2975
Market Structure: Price rallied nearly 30% in 24 hours but is now stalling near 1.3000 resistance with early signs of selling pressure.
ENTRY LEVEL:
Enter short between 1.2950 – 1.3100 after a weak bounce.
STOP LOSS:
Place stop loss above 1.3250 to avoid getting caught in a false breakout.
TARGET POINTS:
• TP1: 1.2600
• TP2: 1.2300
• TP3: 1.1900
TRADE ANALYSIS:
The recent spike has pushed PROVE into an overbought zone. If volume declines and rejection candles appear near resistance, sellers may take control for a short-term pullback toward support levels. Confirmation from lower highs would strengthen this setup.